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Nancy Lavin

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Washington Trust posts $69M profit in 2019

WESTERLY – Washington Trust Bancorp Inc., the parent of Westerly-based The Washington Trust Co., posted a $69.1 million profit in 2019, the company reported...
CITIZENS BANK predicts steady activity and a seller's market in its 2020 Mergers & Acquisitions Outlook. / BLOOMBERG NEWS FILE PHOTO/SCOTT EISEN

Citizens 2020 M&A Outlook projects steady activity, seller’s market

PROVIDENCE – Merger and acquisition activity among middle-market companies will hold steady or tick up slightly in the next year, with a market that...

Raimondo’s fiscal 2021 budget sees stable tax rates on banks, credit...

PROVIDENCE – State taxes on banks and credit unions won’t change in fiscal 2021, according to Gov. Gina M. Raimondo’s proposed budget. Taxes on financial...
VACANT SPACE: Andrew Galvin, first vice president for commercial realtor CBRE Inc., which is marketing office space on the sixth and seventh floors of the Wexford Science & Technology building in Providence, says the underdeveloped look of the vacant space is intentional, designed to give prospective tenants the freedom to build out the space to their needs. / PBN PHOTO/MICHAEL SALERNO

At Wexford building, empty floors are no worry

It’s 11 a.m. on a sunny, January morning, and the Wexford Science & Technology building – located in Providence’s I-195 Redevelopment District – booms...

Webster Bank reports $383M profit in 2019

WATERBURY, Conn. – Webster Financial Corp., the parent company for Webster Bank, brought in a $382.7 million profit in 2019, an increase of 6.2%,...

Five Questions With: Chris Lloyd

Chris Lloyd joined JPMorgan Chase & Co. in September as health care and life sciences managing director for the Northeast. In this role, he...

JPMorgan Chase draws opposition from local climate activists

PROVIDENCE – Local environmental activists continue to push back against JPMorgan Chase & Co. for financing the fossil fuel industry. More than 20 protesters with...

HarborOne Bank seeks applicants for $100K college scholarship program

PROVIDENCE – HarborOne Bank is seeking high school student applicants for its ONECommunity College Scholarship Program, according to a news release. The annual scholarship program...

People’s Credit Union donates $1,000 to Bristol Warren Education Foundation

MIDDLETOWN – People’s Credit Union donated $1,000 to the Bristol Warren Education Foundation, according to a news release. The donation to the community-based education organization...
ROCKLAND TRUST'S parent company reported a profit of $27 million in the first quarter of 2020. / COURTESY ROCKLAND TRUST CO.

Rockland Trust parent company reports $165M profit in 2019

ROCKLAND, Mass. – Independent Bank Corp, the parent company for Massachusetts-based Rockland Trust Co., brought in a $165.2 million profit in 2019, a 35.8%...
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